The burning question, page-7

Gav have a look at the last few presentations and the IRR figures in those.

http://clients2.weblink.com.au/news/pdf_1\01636733.pdf

Extrapolate those figures on the basis of the new acreage additions and you will have a LOWER limit imo.

Now start making some assumptions for a larger sweetspot acreage.

The highest of the lowest risk figures was around 200M bbls ( for the JV ) at 41%.

So a lower figure will be 600Mbbls at 41% risked mean. THATS STILL A LOT OF bbls !!!

So as you can see imho we will be AROUND THE 1 Billion bbls mark with all the new porosity/permeability data AT 41% risked mean.

Quite happy if we're heaps higher BUT at such a low risk of 41% that's a BIG number.

d.